Core Viewpoint - Chipone Microelectronics (688508) expects a net profit attributable to shareholders of approximately 185 million yuan in 2025, representing a year-on-year increase of about 66% [1] Group 1: Financial Projections - The company anticipates an 18% growth in operating revenue for the fiscal year 2025 [1] - The expected growth in revenue is primarily driven by significant increases in emerging markets, including servers, communications, industrial motors, optical storage, and new energy vehicles, with a projected year-on-year growth of around 50% [1] - Revenue from new product categories such as DC-DC converters, drivers, digital PMICs, power devices, and power modules is expected to grow by approximately 39% year-on-year [1]

通富微电公告称，公司拟将厦门通富在国开行厦门分行被担保债务的担保比例从10%调至63.1667%。截 至公告披露日，厦门通富项目贷款余额5.7亿元，公司实际担保余额0.57亿元。厦门通富2025年1 - 9月营 收77,413.46万元，净利润-3,499.55万元。本次新担保总额30,305.02万元，占2024年底经审计归母净资产 2.06%，该事项尚需股东会审议。 ...

Core Viewpoint - The self-driving car industry has faced numerous challenges, including costly failures and significant delays, but technology suppliers, chipmakers like Nvidia, and certain automakers are increasingly investing in AI to drive future advancements in this sector [1] Group 1: Industry Challenges - The self-driving car industry has a history marked by expensive failures and ongoing delays, indicating a turbulent development phase [1] - Despite these setbacks, there is a growing optimism among tech suppliers and automakers regarding the potential of AI to transform the industry [1] Group 2: Key Players - Major players in the self-driving car sector include technology suppliers and chipmakers, with Nvidia being a notable example, highlighting the importance of advanced technology in this field [1] - Some automakers are also placing significant bets on AI, suggesting a collaborative effort between tech companies and traditional automotive manufacturers to overcome existing challenges [1]

Core Viewpoint - ChipMOS TECHNOLOGIES INC. is experiencing strong revenue growth due to improved demand in the semiconductor industry, particularly for memory products supporting computing and datacenters [2][3]. Revenue Summary - Revenue for December 2025 was NT$2,203.3 million (US$70.2 million), marking a 2.9% increase from November 2025 and a 23.8% increase from December 2024 [3][4]. - For the fourth quarter of 2025, revenue reached NT$6,521.1 million (US$207.9 million), which is a 6.1% increase from the third quarter of 2025 and a 20.8% increase from the fourth quarter of 2024 [2][4]. Company Overview - ChipMOS is a leading provider of outsourced semiconductor assembly and test services (OSAT), with advanced facilities located in Hsinchu Science Park, Hsinchu Industrial Park, and Southern Taiwan Science Park [5]. - The company serves a wide range of clients, including fabless semiconductor companies, integrated device manufacturers, and independent semiconductor foundries, catering to virtually all end markets globally [5].

Group 1 - TSMC announced a consolidated revenue of approximately NT$335 billion for December 2025, representing a month-over-month decrease of 2.5% but a year-over-year increase of 20.4%, marking a record high for the same period and exceeding NT$300 billion for six consecutive months [1] - The company's revenue for 2025 is projected to exceed NT$3 trillion, reaching approximately NT$3.8 trillion, with a year-over-year growth of 31.6%, setting a new annual revenue record [1] - In Q4 2025, TSMC's revenue surpassed NT$1 trillion, reaching NT$1.04 trillion, with a quarter-over-quarter increase of 4.8% and a year-over-year increase of 16.3%, also exceeding financial forecasts [1] Group 2 - TSMC is accelerating production capacity expansion in advanced processes and advanced packaging due to insufficient capacity amid strong market demand, while reallocating resources from less urgent mature processes [3] - The company is transferring some mature process equipment from Taiwan to its 12-inch facility in Singapore to create more space for advanced process equipment [3] - TSMC's CEO confirmed that Qualcomm is facing capacity shortages, leading the company to negotiate with Samsung for the production of its next-generation processors using Samsung's 2nm process [3] Group 3 - TSMC's board approved an investment of over US$179.25 million to acquire land for a new factory in Phoenix, Arizona, covering approximately 365.27 hectares, which, combined with an existing site, totals over 810 hectares, larger than the Hsinchu Science Park [4] - The land acquisition is expected to support an investment of approximately US$165 billion in building three additional 12-inch wafer fabs, two advanced packaging plants, and a research center to meet market demand [4] - TSMC is also selling machinery to World Advanced Semiconductor Manufacturing Corporation (VSMC) for an estimated US$71 million to US$73 million to enhance its 12-inch wafer capacity [4] Group 4 - VSMC, in collaboration with NXP Semiconductors, plans to establish a 12-inch wafer fab in Singapore with a total investment of approximately US$7.8 billion, enhancing geographical resilience and accelerating the semiconductor ecosystem in Singapore [5] - TSMC stated that the newly acquired land in Arizona is primarily for operational and production use, but the company is currently in a quiet period and cannot comment on the transfer of equipment to Singapore [5]

Core Viewpoint - The company has completed the cancellation of excess funds raised from its initial public offering and other financing activities, reallocating the remaining balance to enhance liquidity [1] Fundraising Activities - The company raised a total of 23.14 billion yuan from its initial public offering, 18.01 billion yuan from targeted stock issuance, and 3.83 billion yuan from convertible bonds [1] - The funds were initially designated for the "high-performance power chip R&D and industrialization project" [1] Fund Cancellation and Reallocation - The specific account for the excess funds has been closed as the corresponding project has been completed [1] - As of the announcement date, the total remaining balance in the account was 360.08 yuan, which has been transferred to the company's bank account for permanent liquidity support [1] - The related regulatory agreements have also been terminated following the completion of the fund cancellation process [1]

Group 1: Market Reaction - Alibaba Group's stock rose over 5% following reports of potential expanded access to Nvidia's H200 AI chips in China [1] - The stock experienced a slight decline of 2.51% in premarket trading on Friday, settling at $150.59 [6] Group 2: Nvidia's Sales Strategy - Nvidia is tightening its sales approach for H200 chips to China, requiring full upfront payment and rigid terms from Chinese customers [2] - The company is navigating geopolitical tensions while attempting to reopen the Chinese market [2] Group 3: Regulatory Developments - Chinese regulators are preparing to approve limited imports of H200 chips for specific commercial uses, while restricting access for military and sensitive government entities [3] - There are indications that some Chinese tech firms may need to pause orders and consider purchasing domestically made chips alongside Nvidia products [3] Group 4: Alibaba's Interest - Alibaba has expressed interest in ordering over 200,000 units of the H200 chips from Nvidia [4] Group 5: Analyst Insights - Analysts believe that the expected approval for domestic companies to use Nvidia's H200 chips would benefit firms like Alibaba [5] - The H200 chip is considered an older-generation chip that can still be exported to China amid ongoing geopolitical tensions [5] Group 6: Alibaba's AI Investment - Alibaba has become the largest AI spender among Chinese tech companies, with a reliable chip supply likely to bolster its cloud business [6] - The company's stock has surged 92% over the past 12 months, reflecting strong investor confidence in its AI investments and growth, particularly in cloud computing [6]

Core Viewpoint - Taiwan Semiconductor Manufacturing Co. (TSMC) reported stronger-than-expected revenue for the fourth quarter, indicating robust global demand for semiconductors [1] Group 1: Company Performance - TSMC's revenue for the fourth quarter exceeded market expectations, reflecting the company's strong position in the semiconductor industry [1] - The company continues to benefit from high demand across various sectors, including automotive and consumer electronics [1] Group 2: Industry Context - The semiconductor industry is experiencing sustained growth, driven by increasing global demand for chips [1] - TSMC's performance is a positive indicator for the overall health of the semiconductor market, suggesting ongoing investment opportunities [1]

Burry suggests that there may not be many safe options for investing in the U.S. market today.The dot-com crash is known for being one of the worst stock market collapses in recent memory. It came at a time when the internet was in its infancy, and many stocks were surging in value simply due to hype. Investors sometimes compare the euphoria around artificial intelligence (AI) stocks today to how the market was back then. The S&P 500 (^GSPC +0.01%) is coming off a third straight year of double-digit percent ...

Photographer: Michael Nagle/Bloomberg For skeptics questioning how much further US stocks can climb after a blockbuster run, one of the market’s dominant forces remains decisively bullish: individual investors. Retail traders have extended a buying spree into the new year, following a record-setting performance in 2025, an analysis from JPMorgan Securities’ Arun Jain shows. Purchases in the first four trading days of January hit the second-highest level in almost eight months, the firm’s data showed, whi ...